Blackrock Silver Corp. (
CVE:BRC -
Get Free Report)'s stock price fell 14.9% during mid-day trading on Wednesday . The company traded as low as C$0.68 and last traded at C$0.74. 2,845,309 shares were traded during trading, an increase of 237% from the average session volume of 844,945 shares. The stock had previously closed at C$0.87.
Blackrock Silver Trading Down 12.6%
The stock has a 50 day moving average of C$0.70 and a 200-day moving average of C$0.50. The company has a market capitalization of C$247.37 million, a P/E ratio of -9.50 and a beta of 2.31. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45.
Insider Buying and Selling
In other Blackrock Silver news, insider 2176423 Ontario Ltd. purchased 781,704 shares of the company's stock in a transaction on Thursday, September 11th. The stock was acquired at an average cost of C$0.68 per share, for a total transaction of C$531,558.72. Following the purchase, the insider directly owned 48,121,923 shares of the company's stock, valued at C$32,722,907.64. This trade represents a 1.65% increase in their position. Also, insider Eric Sprott purchased 781,704 shares of the company's stock in a transaction on Thursday, September 11th. The stock was acquired at an average price of C$0.68 per share, with a total value of C$531,558.72. Following the completion of the purchase, the insider directly owned 48,121,923 shares in the company, valued at C$32,722,907.64. This trade represents a 1.65% increase in their ownership of the stock. Over the last quarter, insiders have purchased 3,312,808 shares of company stock valued at $2,026,687. 17.84% of the stock is currently owned by corporate insiders.
Blackrock Silver Company Profile
(
Get Free Report)
Blackrock Silver Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for gold and silver deposits. The company's flagship property is the Tonopah West silver-gold project comprising 100 patented and 83 unpatented lode mining claims covering an area of 10.3 square kilometers located in the Walker Lane trend of western Nevada.
Further Reading
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